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Below is an Interesting article I found, which says that.....Do not + ]6 `; G3 Y/ `9 J
expect much from Crude Oil producers and future is not with the
2 y- f6 y8 G5 M# _/ mcompanies producing Jet fuels but Biofuels. Also no wonder if some of
9 g0 ]6 |" t% C/ qthese oil producer will go bankrupt or out of the business even if $ I: K, D, i9 {
crude prices improves. This implies also to good names such as Shell,
/ ?5 e: V5 G$ f- U% pEXXON, BG, BP, Cheveron ....xyz.. oils + w6 ^8 e2 r- _3 T6 T& Z
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Recently OPEC reduced crude oil production twice over just a few
' O. V) e9 ]+ `0 P8 nmonths. There are three wars going on in Gaza, Iraq and Afghandistan.
1 n% M, V- w8 |2 iA year ago these things would have spiked the price of crude oil by at
2 W7 b# H. Y8 h- L( d2 P) _least $50.00 per barrel. Today, oil price declined by a record amount. , [: w9 t; [ b% D3 V6 D
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There are several reasons the price of oil is decreasing in the face
6 v+ }: L- ~, K* ~of so much news. These reasons are: , j) `" q+ Q( @& l L
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1. New oil has been found in Canada, Montana, North & South Dakota and & h; }! c9 L9 V- `; P$ d
in the ocean near Brazil. Each of these oil fields has more oil than
1 f! W/ H6 f5 _! l( B- @: t7 ~8 b- LArabia. " z$ L* k5 r2 o% t$ {
k7 |( D$ T# |/ p; K4 t1 E& E, l; ?; D$ W# a6 H; E
2. New natural gas has been found in Pennsylvania and West Virginia.
6 S$ E; V; F4 M8 d: AThis is the largest find in North America.
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2 \. d B8 B; l8 a3. New methods of injecting CO2 and surfactants into oil wells is
1 q1 q6 q8 ]) t; s4 |being used to double their output. ! u/ |/ ?: P' `
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2 }. E5 |& d; T" F/ m4. Production of bio-fuels is beginning to reach critical mass. Bio ! ~# g8 J i9 a+ T2 Y9 E/ M2 _
fuel is being produced from many plants and algae. The production
, X% ]8 U$ S2 B) Xpotential per acre in some cases is astounding. Many countries are
. \0 S: V1 `8 s9 c3 f; x9 Cracing to produce bio fuels.
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5. Virtually every restaurant in the US and all food processing plants 3 P# m5 Z# d$ k- I7 c
are now selling their used oil to bio-diesel producers. Every pork,
* g# ]% I/ G6 n4 W, p3 ?9 `4 j# jcattle, turkey and chicken processing plant will soon sell their fat % Z W9 U( u |/ f- ~& H
to bio-diesel producers. One pork processing plant in Oklahoma is
4 |- k/ X2 y5 @) vproducing 30,000 gallons of bio-diesel per day from pork fat. ; H1 _; g, D2 t
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6. There are 99 nuclear reactors in various stages of planning and
- t" P' n D5 D% x5 kconstruction around the world at this time. Several hundred more are
, A0 H3 I5 W% l9 Q# pexpected to be built in the future. Much of the energy they produce
) T- i# ^9 T! _, ?will replace oil.
, t3 b. P% l7 O8 D+ S" {) l5 ]/ t! E. o" k+ B" j8 p0 A8 Z }5 F* \7 h) J
' }- @: P3 @7 q7. Every company in any form of transportaion business is replacing
& F6 Q5 O3 S8 p3 l1 G" jolder equipment such as trucks, airplanes, train engines, ships, etc.
' m. A: W; S- u, z3 {- Owith new more fuel efficient equipment. Airlines and railway companies $ r% {. n5 H- T) q
are experiencing 20% to 25% better fuel econony with the new
9 b m8 ?% s- X7 r1 m4 l* Dequipment. 8 V% v: x- i1 b+ Q" S
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Airlines are flying airplanes with bio-fuel. They are finding the bio- 9 a: \# [5 C) y% k
fuel is cleaner and performs better than jet fuel.
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8. Cities and counties throughout the US are selling the rights to
; s; S( T! i. w$ e$ [capture methane gas from landfills. This is a huge source of gas 4 F1 W" L7 w5 A/ |9 y. i
available at very little cost or risk. The gas is displacing crude / S) Z3 w" d. e: p: T) P
oil.
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# z" P4 R- _- r( Y( D6 ?2 b# C9. Coal is being transformed into a clean burning liquid fuel. The CO2 , x, H) k5 @; f, F/ d- e
produced as a byproduct is sold to oil companies for injection into
% c" Q& G" ^* {7 K. T( a4 coil wells.
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10. Solar, wind and ocean energy is displacing oil as an energy
4 J, w4 D0 `& {# L- W8 g3 Ksource. Three new wind turbines are being erected every day in the US.
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' h+ R; G0 j, r8 b% ~; T3 @Each of the above by itself will not make a large difference in the , M+ T* g& S/ C, n3 l A
price of crude oil but the sum of all of them together is world
7 X) e1 D" N0 Z+ i4 nchanging. The important thing is that OPEC no longer has the ability 8 w- H9 [* w X5 t+ @4 J X) L8 K
to control oil prices. ! L3 L- ^& V2 L4 q
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" k& a! J( q. N. gWith the above scenario, I still believe that there are under 2 Q3 Q+ k/ l( {! W( k8 T
performed OIL companies and probably they are yet to get the justified
' f: H: o& _8 p/ s9 N) Kvalue .....
+ h0 [" Z5 Q* @IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... % _0 M5 x( b! T* f
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The above articles are from WSJ .............PUBLISHED ON 9TH JAN
& i @5 \- z7 e. \2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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